Close Brothers Group (Close Brothers Group) Cash-to-Debt : 0.66 (As of Jan. 2024)

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What is Close Brothers Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Close Brothers Group's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.66.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Close Brothers Group couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Close Brothers Group's Cash-to-Debt or its related term are showing as below:

CBGPY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.47 Max: 0.8
Current: 0.66

During the past 13 years, Close Brothers Group's highest Cash to Debt Ratio was 0.80. The lowest was 0.31. And the median was 0.47.

CBGPY's Cash-to-Debt is ranked worse than
66.81% of 1437 companies
in the Banks industry
Industry Median: 1.26 vs CBGPY: 0.66

Close Brothers Group Cash-to-Debt Historical Data

The historical data trend for Close Brothers Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Close Brothers Group Cash-to-Debt Chart

Close Brothers Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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0.42

0.53

0.51

0.44

0.68

Close Brothers Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.44	0.66	0.68	0.66

Competitive Comparison of Close Brothers Group's Cash-to-Debt

For the Banks - Regional subindustry, Close Brothers Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Close Brothers Group's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Close Brothers Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Close Brothers Group's Cash-to-Debt falls into.

Close Brothers Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Close Brothers Group's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2496.134	/	(0	+	3665.206)
	=	0.68

Close Brothers Group's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2107.37	/	(0	+	3187.039)
	=	0.66

Close Brothers Group (OTCPK:CBGPY) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Close Brothers Group Cash-to-Debt Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CBGPF:USA CBGl:UK CBG:UK CS3:Germany

Address

10 Crown Place, London, GBR, EC2A 4FT

Website

https://www.closebrothers.com

Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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